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U.S. and European bond yields fall sharply ECB restarts bond-buying operation

September 12, 2019

U.S. Treasury yields and European government bond yields fell sharply on Thursday after the European Central Bank lowered its key deposit rate and exceeded investors expectations with the resumption of its bond-buying program.

What are Treasurys doing?

The 10-year Treasury note yield TMUBMUSD10Y, -3.31% was down a single basis point to 1.723%, while the 2-year note rate TMUBMUSD02Y, -2.16% was virtually unchanged to 1.672%. The 30-year bond yield TMUBMUSD30Y, -2.63% fell 0.7 basis point to 2.201%.

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